H20

Ilyana Kuziemko · Nicolas Longuet-Marx · Suresh Naidu

Why have less-educated voters in the United States abandoned the Democratic Party over recent decades? The paper argues that the Democratic Party's evolution on economic policy — specifically its …

Olivier Blanchard · Roberto Perotti

This paper by Olivier Blanchard and Roberto Perotti (QJE 2002; circulated from 1998) characterizes the dynamic effects of U.S. government spending and net tax shocks on output using a structural VAR …

Amory Gethin · Emmanuel Saez

Drawing on about 5,000 labor force and household surveys from 160 countries that cover 97% of the world's population, this paper builds a new global database of hours worked and shows that hours …

Alan J. Auerbach · Yuriy Gorodnichenko

This 2012 American Economic Journal: Economic Policy paper by Alan Auerbach and Yuriy Gorodnichenko estimates how government spending multipliers vary with the state of the business cycle, using a …

Cecile Gaubert · Patrick Kline · Damian Vergara · Danny Yagan

Should national governments redistribute income to residents of poor areas through place-based transfers, or should redistribution rely solely on place-blind (income-only) taxes? The longstanding view …

Elio Nimier-David · David Sraer · David Thesmar

This paper studies the causal effects of mandatory profit-sharing on workers and firms using a quasi-experimental design arising from a 1990 French reform that lowered the eligibility threshold for …

Christina D. Romer · David H. Romer

This paper develops a narrative method for identifying postwar U.S. tax changes that are plausibly uncorrelated with other influences on output, in order to get around the omitted-variable bias that …

Ömer T. Açikgöz · Marcus Hagedorn · Hans A. Holter · Yikai Wang

Solving the full dynamic Ramsey optimal-taxation problem (not just the welfare-maximizing steady state) in an Aiyagari (1995)-style incomplete-markets economy, this paper proves the long-run optimal …

Sacha Dray · Camille Landais · Stefanie Stantcheva

Wealth data for the nineteenth-century United States barely exist, and this paper builds them from an unusual source: the paper trail of the General Property Tax, a levy that — unlike land taxes …